- Shiba Inu price has been integrated into Bitpay's software network, making it available to 179 countries.
- SHIB price is falling short of support as price consolidates at $0.00001073
- Invalidation of the bearish thesis is a breach and close above $0.00001704
Shiba Inu price continues to make technological advances worthy of praise amongst the crypto community. Unfortunately, fighting the good fight has not been yielding good returns.
Shiba Inu price is fighting the good fight
Shiba Inu price is having a difficult time sparking new investor capital. The bulls are finding no interest in the notorious meme coin as it consolidates at $0.00001073. The mundane price is accompanied by disappointing sentiment as crypto enthusiasts are surprised to see little response to the recent software integrations implemented by Bitpay. Bitpay, a crypto payment service provider, has implemented the Shiba Inu token into their wallet and onboarding processors, enabling 179 countries to access the famous dog cryptocurrency.
Shiba Inu price's lack of movement in reaction to Bitpay's commendable efforts could be viewed as contrarian bearish. It is quite rare for meme coins not to respond to notable news events. A catalyst could be triggered shortly to send Shiba Inu price down to $0.00000800 in line with previous Fxstreet outlooks that have forecasted the potential for more decline. Interestingly enough, Paris Hilton has been noted for subtly endorsing the Shiba token on her Twitter account.
SHIB/2-Day Chart
Still, invalidation levels are always warranted when dealing with volatile cryptocurrencies. If Shiba Inu price can breach above $0.00001704, the downtrend could be deemed void. A rally into $0.00003100 could occur, resulting in a 190% increase from the current SHIB price.
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